LOCATION:The Emerald Tide project is now focused around two possible parcels of land in the Gorgona Beach area, each within one kilometer of Green Living’s Cristal Bay Beach Resort and Residence.
Each parcel has been selected based on a clear set of criteria including price, road access, surrounding area, beach access, zoning.
Real Estate Values in Panama and primarily in these Pacific Coast Beach areas has been appreciating very steadily, and as interest and growth increases so to do the real estate prices.
GENERAL HIGHLIGHTS:
• The project is designed for simplicity, buildability, saleability… aka, high return in short term.
• Adaptable for development as condominiums for sale, timeshare, lock‐out, or residence hotel
• The bank loan process is simplified as it falls below the typical Loan Committee threshold, with lowered requirements and reduced costs.
• A faster construction cycle.
• A faster selling cycle.
FINANCIAL HIGHLIGHTSFinancial Requirements:
The investment required to fully fund this project is: $850,000
This figure breaks down as follow: .Acquisition of Land $500,000 .
Transfer Tax, Finder’s Fee $20,000 .
Working Capital $209,000 .
Pre‐Development Capital $106,000 .
Pre‐Development Legal $15,000 .
Total $850,000
PROJECTED RETURN ON INVESTMENT:
• Total sales are estimated at $10,824,000.00
• Total Net Return is estimated at $2,874,448.00 *
*including equity, interest and profit.
THE DEAL STRUCTURE:
The Investor owns the Panamanian company that holds title to the land. The Investor enters into a development agreement with the Developer.
The Developer develops the project from start to finish by securing bank financing, hiring and supervising the contractors and managing the marketing and sales of the finished units.
The Investor recoups his total outlay of $850,000 plus interest, first.Thereafter the profits are split with 60% going to the Investor and 40% to the Developer.
The Investor puts in $850,000 and gets back $2,874,448 including his investment plus profit.
THE TIMELINE:
From start to finish, we estimate the project can be concluded within 18 to 24 months.
COMMUNITY HIGHLIGHTS *
• 15 story building with 30 luxury condominium residences.
• Private residential entrances
• Lobby with reception area
• Two elevators
• Landscaped social areas with a variety of recreational options
• Vanishing horizon swimming pool
• THX® Surround Sound Movie Theatre with deluxe seating for 18
• Fitness Center – weight stations, cardio‐aerobic equipment, yoga area
• Roof‐top Lounge (wet bar & service facilities)
• Roof‐top Jacuzzi
• Two Barbecues, one at pool level, one at roof‐top
• 24‐hour Security
• Controlled phone and swipe card entry system
APARTMENT FEATURES: *
• All apartments feature:
Large terrace with panoramic ocean and mountain views.
high, 10 foot loft ceilings.
Guest bathroom. .Italian marble countertops .
Air conditioning with separate service closet for sound insulation and ease of maintenance.
Fully outfitted kitchen with refrigerator and stove.
Pre‐wired for high speed computer broadband, in‐house networking,telephone, TV reception,cable or satellite .
Doorbell with chime .
Deluxe ceramic tile flooring .
Solid core entry door with brushed chrome lever * Preliminary draft based on current land‐use and density regulations and subject to change.
